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I've seen it in a Control Board situation, where a chapter is more or less placed into receivership. I was curious about the non-control board situations.
An Alumni Advisory Board shouldn't be doing this as they are there to advise not supervise.
What I think may be going on in the instant situation is that the dollars go to a management company which then dispenses funds back to the chapter with the concurrence of the House Corp. Not sure yet.
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